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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2016
Income Tax Disclosure [Abstract] |
Income Before Income Taxes | ncome before income taxes consisted of the following for the years ended June 30:
(in thousands) | 2016 |  | 2015 |  | 2014
(Loss) income before income taxes: |  |  |  |  |
United States | $ | (228,667 | ) |  | $ | (323,299 | ) |  | $ | 59,160 |
International | 30,096 |  |  | (64,316 | ) |  | 169,649 |
Total (loss) income before income taxes | $ | (198,571 | ) |  | $ | (387,615 | ) |  | $ | 228,809 |
Current income taxes: |  |  |  |  |
Federal | $ | (15,039 | ) |  | $ | (9,328 | ) |  | $ | 15,108 |
State | 454 |  |  | 816 |  |  | 896 |
International | 31,570 |  |  | 40,433 |  |  | 27,488 |
Total current income taxes | 16,985 |  |  | 31,921 |  |  | 43,492 |
Deferred income taxes: |  |  |  |  |
Federal | $ | 6,786 |  |  | $ | (38,943 | ) |  | $ | 10,157 |
State | 8,407 |  |  | (8,680 | ) |  | (62 | )
International | (6,865 | ) |  | (952 | ) |  | 13,024 |
Total deferred income taxes: | 8,328 |  |  | (48,575 | ) |  | 23,119 |
Provision (benefit) for income taxes | $ | 25,313 |  |  | $ | (16,654 | ) |  | $ | 66,611 |
Effective tax rate | (12.7 | )% |  | 4.3 | % |  | 29.1 | %
Reconciliation of Income Taxes and the Provision for Income Taxes | The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes was as follows for the years ended June 30:
(in thousands) | 2016 |  | 2015 |  | 2014
Income taxes at U.S. statutory rate | $ | (69,500 | ) |  | $ | (135,665 | ) |  | $ | 80,083 |
State income taxes, net of federal tax benefits | 859 |  |  | (1,748 | ) |  | 1,593 |
U.S. income taxes provided on international income | 2,364 |  |  | 3,679 |  |  | 2,423 |
Combined tax effects of international income | (25,469 | ) |  | (21,560 | ) |  | (22,580 | )
Impact of goodwill impairment charges | 6,439 |  |  | 134,657 |  |  | — |
Impact of divestiture | 27,790 |  |  | — |  |  | — |
Change in valuation allowance and other uncertain tax positions | 84,530 |  |  | 1,530 |  |  | (2,603 | )
Impact of domestic production activities deduction | (2,072 | ) |  | — |  |  | (942 | )
Research and development credit | (4,351 | ) |  | (3,087 | ) |  | (1,385 | )
Change in permanent reinvestment assertion | 3,659 |  |  | 2,945 |  |  | 7,170 |
Other | 1,064 |  |  | 2,595 |  |  | 2,852 |
Provision (benefit) for income taxes | $ | 25,313 |  |  | $ | (16,654 | ) |  | $ | 66,611 |
Components of Net Deferred Tax Liabilities and Assets | The components of net deferred tax assets and (liabilities) were as follows at June 30:
(in thousands) | 2016 |  | 2015
Deferred tax assets: |  |  |
Net operating loss carryforwards | $ | 77,198 |  |  | $ | 47,289 |
Inventory valuation and reserves | 18,865 |  |  | 18,023 |
Pension benefits | 42,432 |  |  | 23,559 |
Other postretirement benefits | 7,111 |  |  | 7,359 |
Accrued employee benefits | 17,069 |  |  | 23,674 |
Other accrued liabilities | 9,229 |  |  | 18,210 |
Hedging activities | 5,507 |  |  | 4,354 |
Tax credits and other carryforwards | 30,733 |  |  | 13,815 |
Intangible assets | 21,575 |  |  | — |
Other | — |  |  | 12,028 |
Total | 229,719 |  |  | 168,311 |
Valuation allowance | (122,699 | ) |  | (16,771 | )
Total deferred tax assets | $ | 107,020 |  |  | $ | 151,540 |
Deferred tax liabilities: |  |  |
Tax depreciation in excess of book | $ | 83,412 |  |  | $ | 102,480 |
Intangible assets | — |  |  | 18,688 |
Other | 149 |  |  | — |
Total deferred tax liabilities | $ | 83,561 |  |  | $ | 121,168 |
Total net deferred tax assets (liabilities) | $ | 23,459 |  |  | $ | 30,372 |
Reconciliation of Unrecognized Tax Benefits Excluding Interest | A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest) is as follows as of June 30:
(in thousands) |  | 2016 |  | 2015 |  | 2014
Balance at beginning of year |  | $ | 14,619 |  |  | $ | 20,366 |  |  | $ | 26,798 |
Increases for tax positions of prior years |  | 1,197 |  |  | — |  |  | 1,461 |
Decreases for tax positions of prior years |  | — |  |  | (3,188 | ) |  | (6,982 | )
Increases for tax positions related to the current year |  | — |  |  | — |  |  | 116 |
Decreases related to settlement with taxing authority |  | (11,942 | ) |  | (348 | ) |  | (2,161 | )
Decreases related to lapse of statute of limitations |  | (667 | ) |  | (398 | ) |  | — |
Foreign currency translation |  | (101 | ) |  | (1,813 | ) |  | 1,134 |
Balance at end of year |  | $ | 3,106 |  |  | $ | 14,619 |  |  | $ | 20,366 |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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